Leviathan Gold Goes Public With Exciting High-Grade Gold Opportunity

Those companies’ operations are also located in “gold country”. But in this case, it’s the prolific gold mineralization in Nevada and the U.S. southwest.

What brought Norman nearly halfway around the world to take the reins for Leviathan Gold?

Known high-grade gold mineralization. Near-surface. Very mining-friendly geology.

This isn’t greenstone exploration: moving into unexplored (but prospective) gold geology hoping to make a significant gold discovery.

This is brownstone exploration: going where other companies have already successfully mined (high grade) gold, and looking to build on those past successes.

The historical numbers for Avoca and Timor illustrate the potential of Leviathan – and the reason why Fosterville was eager to spin out (and monetize) these assets.

High grade historic gold mining at the Timor Project (>9 g/t gold). Very high grade historic gold mining at the Avoca Project (>32 g/t gold) – Fosterville-like numbers.

Brownstone and greenstone exploration opportunities

While the immediate focus is on brownstone mining targets, these are enormous land packages. Avoca is a 106 km2 gold tenement. Timor is 121 km2 in size. Plenty of space (and prospective geology) for greenstone exploration on these projects once the most attractive brownstone targets have been mapped out.

It won’t take long for Leviathan to get started. CEO Norman is planning initial drilling for January. And Leviathan is cashed-up as it begins exploring these two, exciting gold projects.

The Company raised CAD$12.9 million in an oversubscribed financing in December – huge numbers for a junior gold mining startup. It’s not just the management of Leviathan that is eagerly anticipating the first drill-bit hitting the ground.

Making Leviathan even more appetizing for gold mining investors is that the geography around its two projects is just as “friendly” as the geology.

Many gold exploration projects can only be accessed by air, due to the rocky and even mountainous geography. Both Avoca and Timor are situated in relatively flat terrain – farming country – with potential road access.

Of equal importance, all historic mining at Timor and Avoca occurred at depths of 100 meters or less, with much of the mineralization beginning at surface. Known mineralization is all near surface, while the potential exists to dramatically expand upon mineralization through exploration at greater depths.

The right time for gold

Some investors may be leery of the gold sector at the moment.

The price of gold is roughly 10% below its recent all-time (nominal) high. Sentiment for the mining stocks has slipped considerably from the strong bull market conditions that persisted through most of 2020.

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Disclosure: 

 

Leviathan Gold is a client of Dynamic Wealth Research

 

 

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